tiptrot.com May 21, 2018

Martin Midstream Partners (MMLP) Downgraded to "Sell" at ValuEngine

06 March 2018, 01:45 | Nichole Osborne

Verition Fund Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $90.61 billion market cap company. 120,805 shares of the company's stock traded hands, compared to its average volume of 180,496. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since March 4, 2017 and is uptrending. Travelers Companies Inc sold 215,998 shares as the company's stock declined 7.68% while stock markets rallied. The stock has a market cap of $528.36, a P/E ratio of 30.56 and a beta of 1.57. Balentine LLC now owns 7,763 shares of the pipeline company's stock valued at $216,000 after buying an additional 3,021 shares during the last quarter. About 560,254 shares traded. The stock of Summit Midstream Partners, LP (NYSE:SMLP) has "Neutral" rating given on Thursday, May 12 by Goldman Sachs. It has outperformed by 45.78% the S&P500. Westwood Hldgs Group invested in 277,260 shares or 0.07% of the stock. Martin & Company Inc sold 5,200 shares as Apple Inc. AHRENDTS ANGELA J sold $9.78M worth of Apple Inc.

Among 53 analysts covering Apple Inc. The company was initiated on Thursday, March 17 by Stifel Nicolaus. Therefore 94% are positive. Schlumberger Limited. had 140 analyst reports since July 22, 2015 according to SRatingsIntel. On Friday, August 12 the stock rating was upgraded by Robert W. Baird to "Outperform". The company was initiated on Thursday, February 25 by Morgan Stanley. Cowen & Co maintained the stock with "Hold" rating in Friday, September 8 report. JP Morgan has "Neutral" rating and $12.50 target.

The rating was maintained by Brean Capital on Thursday, August 20 with "Hold". The firm has "Buy" rating by Piper Jaffray given on Thursday, July 27. (NYSE:MO) earned "Hold" rating by Jefferies on Monday, July 17. On Friday, August 7 the stock rating was maintained by Citigroup with "Buy". RBC Capital Markets has "Hold" rating and $80.0 target. The firm earned "Sell" rating on Monday, May 29 by RBC Capital Markets. Its down 0.02, from 0.91 in 2017Q2. It is negative, as 14 investors sold Summit Midstream Partners, LP shares while 16 reduced holdings. 116 funds opened positions while 640 raised stakes. China Lodging Group Ltd now has $10.68 billion valuation. Royal Bank of Canada reissued a hold rating and issued a $79.00 price objective on shares of Magellan Midstream Partners in a research note on Friday, February 2nd. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported. Martin Midstream Partners earned a news sentiment score of 0.17 on Accern's scale. (NYSE:MO). Banque Pictet & Cie has invested 0.03% in Altria Group, Inc. Cantab Capital Ptnrs Limited Liability Partnership accumulated 320 shares. This represents a $1.33 annualized dividend and a yield of 5.38%. First National Bank & Trust Of Hutchinson holds 0.4% in Apple Inc. (NYSE:BWXT) is 6. The Piotroski F-Score is a scoring system between 1-9 that determines a firm's financial strength. South Carolina-based Greenwood Assoc Lc has invested 2.16% in Apple Inc. Raymond James reported 72,411 shares. Illinois-based Citadel Advsrs Limited Com has invested 0.01% in Neurocrine Biosciences, Inc. (NYSE:MO) for 104,323 shares.

Noble Midstream Partners (NYSE:NBLX) was downgraded by equities research analysts at ValuEngine from a "buy" rating to a "hold" rating in a research report issued on Saturday, February 17th. Therefore 33% are positive. EQT Midstream Partners had 36 analyst reports since August 13, 2015 according to SRatingsIntel. Martin Midstream Partners presently has an average rating of "Hold" and an average target price of $19.00. On Wednesday, September 2 the stock rating was initiated by Ladenburg Thalmann with "Buy". They issued an "equal weight" rating and a $20.00 target price for the company. Zacks Investment Research raised shares of Martin Midstream Partners from a sell rating to a hold rating in a research report on Wednesday, January 3rd. The stock has "Hold" rating by Wunderlich on Monday, April 4. The stock has "Market Perform" rating by BMO Capital Markets on Wednesday, October 11.

Investors sentiment is 0.88 in Q3 2017. The pipeline company reported $1.28 earnings per share for the quarter, missing analysts' consensus estimates of $1.55 by ($0.27).

Several hedge funds have recently added to or reduced their stakes in MMLP. Neuberger Berman Grp Ltd Liability Co owns 1.54 million shares for 0.04% of their portfolio. Bancshares accumulated 0.01% or 5,817 shares.

ValuEngine downgraded shares of Martin Midstream Partners (NASDAQ:MMLP) from a hold rating to a sell rating in a research report sent to investors on Thursday. White Elm Capital, a Connecticut-based fund reported 23,618 shares. American Gru Incorporated accumulated 6,732 shares. 44,371 were accumulated by Guggenheim Capital Ltd Liability. Stifel Fincl Corporation reported 0% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP).

More notable recent Magellan Midstream Partners, L.P. (NYSE:MMP) news were published by: Seekingalpha.com which released: "Magellan Midstream Partners - Increasing Distribution Even During Recessions" on February 06, 2018, also Seekingalpha.com with their article: "Magellan Midstream: A Play On Rising US Energy Exports And Roaring Permian Oil ..." published on February 22, 2018, Businesswire.com published: "Intercontinental Exchange and Magellan Midstream Successfully Launch Auction ..." on February 14, 2018. Northern Corporation stated it has 123,437 shares. Franklin Res Inc holds 0.1% or 3.27M shares in its portfolio.

Martin Midstream Partners L.P.is a limited partnership with a set of operations focused in the United States Gulf Coast region. Finally, Deutsche Bank AG boosted its holdings in shares of Martin Midstream Partners by 519.6% in the 4th quarter.

Analysts await Antero Midstream Partners LP (NYSE:AM) to report earnings on May, 14. MMP's profit will be $230.47M for 15.80 P/E if the $1.01 EPS becomes a reality.

Other News


Trending Now

Wie victorious in Singapore for first win since 2014
Although just in her third full season on the LPGA Tour , Henderson has five wins already to her credit. The greens were kind of slower for me the front nine, so I left everything short.

Trump Threatens to Pull ICE from California over 'Lousy Management Job'
Immigration and Customs Enforcement (ICE), all of the targets in this operation were amenable to arrest and removal under the U.S. And you know what? "And you know what, I'm thinking about doing it", he said during a White House meeting on school safety.

Stop Blame Game, Rescue Dapchi Schoolgirls Now, Group Tells Army
He said the police did nothing to repel the attack despite having a division in Dapchi. They all bear responsibility for this unfortunate incident.

Scientists can revise the theory of the birth of the Universe
The Murchison Widefield Array is in operation right now, and future upgrades could provide exactly such a map. Astronomers had been predicting this phenomenon for almost 20 years and searching for it for ten years.

Seriously injured 15yo cousin of Ahed Tamimi arrested by Israeli soldiers
Ahed Tamimi is on trial over the scuffle in the village of Nabi Saleh, with her case gathering global attention. Ahed Tamimi was arrested four days after the confrontation, and Israeli forces stormed her home again.

United Kingdom retailers Toys R Us and Maplin go into administration
Thomas said in the statement that administrators will "make every effort to secure a buyer for all or part of the business". More than 5,500 jobs are at risk as two former high street giants - Toys R Us and Maplin - face closure.

Critically ill man 'former Russian spy'
British media say a former Russian spy is in critical condition on Monday after being exposed to an "unknown substance". They were taken to Salisbury District Hospital and are being treated for suspected exposure to an unknown substance.

London's Cold Snap Left 20000 Homes Without Running Water
Councillors at the Kent flood risk management meeting today criticised South East Water for its handling of the situation. It is estimated 5,000 homes in the county have had their supply cut off following the extreme changes in temperature.

Australia's deputy Prime Minister resigns
Joyce had then hit back, describing Turnbull's remarks as " inept " and "completely unnecessary". Joyce has faced weeks of pressure to quit, from the public and even within his own party.

'Very strong blue ice' contributing to Grand River flooding
Just a week ago, creek flooding occurred on several streams in the region, followed by Ohio River flooding over the weekend. The Woodman Park Community Centre at 491 Grey Street was set up as an emergency shelter for people with nowhere else to go.